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The purchasing managers index in the manufacturing sector of India from Nikkei in October was 53.1 points, an increase from 52.2 points in September, finversia.ru writes, referring to the IHS Markit. The growth rate in the Indian industry is observed over the past 1.5 years due to the continuous improvement in demand and the introduction of new technologies. The volume of orders is constantly expanding, aided by advertising activity and flexible pricing of manufacturers, as well as high market competition. India’s industrial sector companies created the largest number of jobs in October since December 2017. Producers in India expect further growth next year.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
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